US Bank has introduced a spend management platform aimed at helping businesses monitor, track, and control their card-based spending.
The bank is deploying this digital platform across its entire range of business banking credit cards to provide users with a streamlined alternative to using multiple tools.
This solution is designed to assist business owners in reducing costs, minimizing manual work, and saving time through features such as card controls, integrated accounting, and intuitive receipt capture—all accessible via a single, user-friendly dashboard.
Users can track their spending and set specific controls, such as restricting employees to fuel purchases at gas stations. Additionally, they have the ability to activate or deactivate employee cards with a single click and assign cards to specific individuals or departments.
Shruti Patel, chief product officer for business banking at US Bank, stated, “With a single user-friendly interface, business owners can take control of their card spending and gain continuous tracking and real-time visibility into spending habits and patterns, enabling them to monitor their cash flow and adjust their budgets accordingly.”